Paramount is a very big company. It is famous for making movies that many people watch all over the world. It is one of the oldest movie studios.
Warner Bros. Discovery is another large company. It also makes popular movies and TV shows. It owns important news channels, like CNN.
Now, Paramount has a big idea. It wants to buy Warner Bros. Discovery. This kind of plan is called a business deal.
If the deal happens, the two companies will become one giant company. This would be a very big change for movies and news.